Andrew39, I have been tied up with some other projects and just keeping half an eye on the stocks, from the agm presentation my thoughts as follows on MXR.... •Focussed exploration of Narndee tenements in Western Australia.......always been my main interest,I'd like to see MXR concentrate on this project. •18 high quality targets •Early success to date –first gravity survey •Billa Kalina •Significant potential for major IOCGU target .....worth following, little known but has potential. •Adelaide Hills projects.. •Review tenement holding and quantum of exploration targets..... taking too long, divest preferred •Bird in Hand review completed and project warrants progressing.Seek Joint Venture partner to develop.....some interest but concerned with length of time taking to evolve through community issues, prefer divest. •Sellheim gold project in north Queensland •Divestment plan, alluvial has dragged on, surrounding gold project in hard rock has potential but needs jv majority lead partner to fund. •Assess new mineral project opportunities for joint venture or acquisition, am totally opposed to new projects, prefer concentrate on the top 3 and get one up and running first, too many eggs in too many baskets results in slower progress in what should be core projects.
Still holding and looking to increase exposure at these prices for Narndee upside and to a lesser extent Billa
MXR Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
